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Truck Leasing Pros and Cons Fairborn OH

A truck lease offers cost advantages for personal use, as well as tax and accounting advantages for business owners. Learn the difference between personal and commercial truck leasing.

Key & Lock
(937) 864-7832
8630 Dayton Springfield R
Fairborn, OH
Mail Boxes Etc
(937) 754-9999
1209 East Dayton Yellow Spring
Fairborn, OH
Budget Truck Rental
(937) 878-7922
523 West Xenia Drive
Fairborn, OH
Jiffy Express Inc
(937) 878-4636
7340 New Carlisle Road
Fairborn, OH
Apex Supply Inc
(937) 427-2006
4108 Dayton Xenia Road
Dayton, OH
Fairborn Self Storage
(937) 879-3008
2088 Beaver Valley Road
Fairborn, OH
(937) 879-4191
403 East Xenia Drive
Fairborn, OH
C & R Delivery Services
(937) 754-0344
1877 South Maple Avenue Suite 350
Fairborn, OH
Greater Dayton Moving & Storage
(937) 235-0011
3516 Wright Way Road
Dayton, OH
Keyes Gateway Inc Realtors
(937) 890-7800
4940 Chambersburg Road
Dayton, OH

Truck Leasing Pros and Cons

To lease a truck for personal use is no different than leasing a car or SUV. A lease offers lower monthly payments than buying with a loan, and may not require a down payment. There are also savings on sales tax in most states. Therefore, leasing may cost you less to get into a new truck, and can save you on monthly cost as well.

However, before making a decision about whether to lease or buy, understand that leasing is best for people who drive no more than about 15,000 miles per year, like to have a new truck every 3-4 years, take good care of their vehicles, don't care about building ownership equity, and have a stable lifestyle such that they won't need to end the lease early.

Ending a lease early can be very expensive. It's more than simply paying termination fees. It means paying the balance of the lease, considering the wholesale auction value of the truck. In most cases, ending a lease early is very impractical. Therefore, if you think you might not be able to complete a lease, then don't lease.

If you plan on using your truck for heavy duty or rough utility purposes, such that the body and bed might be badly damaged or scratched, you might not want to lease. The reason is you may have to pay for those damages at lease-end when you return your truck to the lease company. Any damages beyond "normal" wear and tear can result in charges to you. Of course, you could get the repairs done yourself prior to returning your leased truck. Or...

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